UOB analysts note a downside bias for USD/JPY, with the pair trading between 158.00 and 160.20 amid unclear intraday direction.
USD/JPY remains volatile, closing near 159.30 after dipping to 158.58, according to recent price action. The pair shows a downside bias but lacks clear intraday momentum, confining trades between 158.80 and 160.20.
Recent sessions have seen choppy movement, with no decisive breakout from the 158.00-160.20 band. The lack of directional clarity reflects broader uncertainty in currency markets amid shifting monetary policy expectations.
Traders are monitoring the range for potential shifts, though no immediate catalyst has emerged to drive a sustained move beyond current levels.